TOPTECH SYSTEMS
ActiveSummary
TOPTECH SYSTEMS has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.1m and a net result of €923,089. Equity is shrinking by ~19% per year across the filed fiscal years. Its solvency ranks better than 50% of 3267 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability98▲+1
Solvency78▲+26
Growth53▼-2
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190,000 at 30 days acceptable
Liquidity ample (current ratio 3.52 against 2.21 in 2024; short-term debt: 27.6% and cash: 74.5% of total assets), and 47.4% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
52.6%
Return on assets
22.9%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €2.1m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
58 d early
2023
27 d early
2022
54 d early
2021
30 d early
2020
31 d early
2019
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 36 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 1 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
On 21 June 1995, TOPTECH SYSTEMS was incorporated.1 In 2003 the registered office moved to Zwijndrecht.2 The name was changed to TOPTECH SYSTEMS in 2010.3 Of the 5 current board members, Manish B Patel has served longest, since 2022.4 Revenue went from EUR 4.6 million in 2018 to EUR 5.8 million in 2025 and headcount from 16 to 17.2 full-time equivalents.5
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Financials · fiscal year 2025, full schema
Turnover
€5.8m▼ 5.1%
2024 · €6.1m
EBIT margin
21.7%▲ 1.4pp
2024 · 20.2%
Net result
€923,089▼ 0.7%
2024 · €929,448
Working capital
€2.8m▲ 18.0%
2024 · €2.4m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€5.8m▼ 35.1%€6.0m▲ 4.3%€5.5m▼ 9.2%€6.1m▲ 11.8%€5.8m▼ 5.1%
Operating result€1.3m▲ 135%€1.5m▲ 16.8%€986,789▼ 33.0%€1.2m▲ 25.1%€1.3m▲ 1.7%
Net result€735,341above the sector's middle half▲ 90.4%€1.3mabove the sector's middle half▲ 73.2%€726,227above the sector's middle half▼ 43.0%€929,448above the sector's middle half▲ 28.0%€923,089above the sector's middle half▼ 0.7%
EBIT margin21.9%▲ 15.9pp24.5%▲ 2.6pp18.1%▼ 6.4pp20.2%▲ 2.1pp21.7%▲ 1.4pp
Equity€6.4mabove the sector's middle half▲ 13.1%€1.4mwithin the sector's middle half▼ 77.4%€264,636within the sector's middle half▼ 81.6%€1.2mwithin the sector's middle half▲ 351%€2.1mwithin the sector's middle half▲ 77.3%
Total assets€7.9mabove the sector's middle half▼ 7.6%€3.8mwithin the sector's middle half▼ 51.4%€4.7mwithin the sector's middle half▲ 23.3%€4.5mwithin the sector's middle half▼ 5.6%€4.0mwithin the sector's middle half▼ 9.8%
Debt€1.5m▼ 47.3%€2.4m▲ 55.8%€4.5m▲ 86.2%€3.3m▼ 26.8%€1.9m▼ 41.6%
Working capital€6.5mabove the sector's middle half▲ 20.1%€1.9mabove the sector's middle half▼ 70.9%€1.6mabove the sector's middle half▼ 14.1%€2.4mabove the sector's middle half▲ 45.5%€2.8mabove the sector's middle half▲ 18.0%
Solvency80.5%above the sector's middle half▲ 14.7pp37.5%within the sector's middle half▼ 43.0pp5.6%below the sector's middle half▼ 31.9pp26.7%within the sector's middle half▲ 21.1pp52.6%within the sector's middle half▲ 25.8pp
Current ratio6.07above the sector's middle half▲ 3.052.02within the sector's middle half▼ 4.051.54within the sector's middle half▼ 0.482.21within the sector's middle half▲ 0.673.52within the sector's middle half▲ 1.31
Return on assets (ROA)9.3%within the sector's middle half▲ 4.8pp33.2%above the sector's middle half▲ 23.9pp15.3%above the sector's middle half▼ 17.8pp20.8%above the sector's middle half▲ 5.5pp22.9%above the sector's middle half▲ 2.1pp
Staff (FTE)18.3above the sector's middle half▲ 8.3%19.6above the sector's middle half▲ 7.1%17.7above the sector's middle half▼ 9.7%17.2above the sector's middle half▼ 2.8%17.2above the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.0m
Fixed assets
€105,732 ▼ 11.4%
Current assets
€3.9m ▼ 9.8%
Equity and liabilities €4.0m
Equity
€2.1m ▲ 77.3%
Debt
€1.9m ▼ 41.6%
Debt's share of the balance-sheet total falls from 73.3% to 47.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.3m▲
2024 · €1.2m
Cash flow
€937,073▼
2024 · €938,143
Quick ratio
3.49▲
2024 · 2.18
Debt to equity
0.90▼
2024 · 2.74
ROE
43.6%▼
2024 · 77.8%
Interest coverage
997.63▲
2024 · 24.59
Debt ≤ 1 year
€1.1m▼
2024 · €2.0m
Income taxes
€347,362▼
2024 · €368,457
Staff costs
€2.6m▼
2024 · €3.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,134 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €7.0m | €7.4m | €6.5m | €8.4m | €6.8m | ▼ 18.7% |
| Turnover70 | €5.8m | €6.0m | €5.5m | €6.1m | €5.8m | ▼ 5.1% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | -€2,766 | €65,278 | -€65,278 | €2,101 | - | - |
| Other operating income74 | €1.2m | €1.4m | €1.1m | €2.3m | €1.0m | ▼ 55.3% |
| Non-recurring operating income76A | €183 | - | - | - | - | - |
| Operating charges60/66A | €5.7m | €6.0m | €5.5m | €7.1m | €5.5m | ▼ 22.2% |
| Goods for resale, raw materials and consumables60 | €2.5m | €2.6m | €1.8m | €2.6m | €2.2m | ▼ 15.8% |
| Purchases600/8 | €2.5m | €2.6m | €1.8m | €2.6m | €2.2m | ▼ 16.6% |
| Change in stocks: decrease (increase)609 | €1,982 | -€8,668 | -€6,588 | -€819 | €19,669 | ▲ 2,502% |
| Services and other goods61 | €666,739 | €813,294 | €878,411 | €826,317 | €789,415 | ▼ 4.5% |
| Remuneration, social security and pensions62 | €2.5m | €2.6m | €2.8m | €3.6m | €2.6m | ▼ 29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,966 | €5,931 | €6,597 | €8,695 | €13,984 | ▲ 60.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €20,395 | -€15,017 | €10,973 | €29,990 | -€44,502 | ▼ 248% |
| Other operating charges640/8 | €36,313 | €1,794 | €25,936 | €1,499 | €1,344 | ▼ 10.3% |
| Operating profit (loss)9901 | €1.3m | €1.5m | €986,789 | €1.2m | €1.3m | ▲ 1.7% |
| Financial income75/76B | €108,275 | €468,723 | €85,979 | €114,115 | €53,022 | ▼ 53.5% |
| Recurring financial income75 | €108,275 | €468,723 | €85,979 | €114,115 | €53,022 | ▼ 53.5% |
| Income from current assets751 | - | €9,262 | €41,994 | €65,215 | €17,328 | ▼ 73.4% |
| Other financial income752/9 | €108,275 | €459,461 | €43,985 | €48,900 | €35,694 | ▼ 27.0% |
| Financial charges65/66B | €107,875 | €166,756 | €40,671 | €50,552 | €37,577 | ▼ 25.7% |
| Recurring financial charges65 | €107,875 | €166,756 | €40,671 | €50,552 | €37,577 | ▼ 25.7% |
| Debt charges650 | €13,661 | €7,457 | €32 | - | €1,272 | - |
| Other financial charges652/9 | €94,214 | €159,299 | €40,639 | €50,552 | €36,305 | ▼ 28.2% |
| Profit (loss) for the period before taxes9903 | €1.3m | €1.8m | €1.0m | €1.3m | €1.3m | ▼ 2.1% |
| Income taxes67/77 | €526,344 | €501,449 | €305,870 | €368,457 | €347,362 | ▼ 5.7% |
| Taxes670/3 | €526,344 | €501,449 | €305,870 | €368,457 | €347,362 | ▼ 5.7% |
| Profit (loss) for the period9904 | €735,341 | €1.3m | €726,227 | €929,448 | €923,089 | ▼ 0.7% |
| Profit (loss) for the period to be appropriated9905 | €735,341 | €1.3m | €726,227 | €929,448 | €923,089 | ▼ 0.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.9m | €3.8m | €4.7m | €4.5m | €4.0m | ▼ 9.8% |
| Fixed assets21/28 | €56,668 | €60,636 | €54,237 | €119,366 | €105,732 | ▼ 11.4% |
| Tangible fixed assets22/27 | €8,334 | €12,253 | €5,655 | €70,382 | €56,398 | ▼ 19.9% |
| Furniture and vehicles24 | €8,334 | €12,253 | €5,655 | €23,773 | €14,566 | ▼ 38.7% |
| Other tangible fixed assets26 | - | - | - | €46,609 | €41,832 | ▼ 10.2% |
| Financial fixed assets28 | €48,334 | €48,383 | €48,582 | €48,984 | €49,334 | ▲ 0.7% |
| Other financial fixed assets284/8 | €48,334 | €48,383 | €48,582 | €48,984 | €49,334 | ▲ 0.7% |
| Amounts receivable and cash guarantees285/8 | €48,334 | €48,383 | €48,582 | €48,984 | €49,334 | ▲ 0.7% |
| Current assets29/58 | €7.8m | €3.8m | €4.7m | €4.3m | €3.9m | ▼ 9.8% |
| Amounts receivable after more than one year29 | €3.0m | - | - | - | - | - |
| Other amounts receivable291 | €3.0m | - | - | - | - | - |
| Stocks and contracts in progress3 | €33,493 | €107,460 | €48,770 | €50,671 | €31,424 | ▼ 38.0% |
| Stocks30/36 | €33,493 | €107,460 | €48,770 | €50,671 | €31,424 | ▼ 38.0% |
| Work in progress32 | - | €65,278 | - | €2,101 | €2,101 | = |
| Goods purchased for resale34 | €33,493 | €42,182 | €48,770 | €48,570 | €29,323 | ▼ 39.6% |
| Amounts receivable within one year40/41 | €1.2m | €1.2m | €1.7m | €1.9m | €878,072 | ▼ 52.9% |
| Trade receivables40 | €1.2m | €1.2m | €1.7m | €1.8m | €868,790 | ▼ 51.2% |
| Other amounts receivable41 | €10,962 | €2,430 | €68,506 | €85,863 | €9,282 | ▼ 89.2% |
| Cash at bank and in hand54/58 | €3.6m | €2.5m | €2.9m | €2.4m | €3.0m | ▲ 24.0% |
| Deferred charges and accrued income490/1 | €703 | €8,458 | €8,735 | €9,672 | €10,528 | ▲ 8.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.9m | €3.8m | €4.7m | €4.5m | €4.0m | ▼ 9.8% |
| Equity10/15 | €6.4m | €1.4m | €264,636 | €1.2m | €2.1m | ▲ 77.3% |
| Contributions10/11 | €148,736 | €148,736 | €148,736 | €148,736 | €148,736 | = |
| Capital10 | €148,736 | €148,736 | €148,736 | €148,736 | €148,736 | = |
| Issued capital100 | €148,736 | €148,736 | €148,736 | €148,736 | €148,736 | = |
| Reserves13 | €55,584 | €55,584 | €55,584 | €55,584 | €55,584 | = |
| Non-distributable reserves130/1 | €14,874 | €14,874 | €14,874 | €14,874 | €14,874 | = |
| Legal reserve130 | €14,874 | €14,874 | €14,874 | €14,874 | €14,874 | = |
| Distributable reserves133 | €40,710 | €40,710 | €40,710 | €40,710 | €40,710 | = |
| Profit (loss) carried forward14 | €6.2m | €1.2m | €60,316 | €989,764 | €1.9m | ▲ 93.3% |
| Amounts payable17/49 | €1.5m | €2.4m | €4.5m | €3.3m | €1.9m | ▼ 41.6% |
| Amounts payable after more than one year17 | - | - | €6,050 | - | - | - |
| Advances received on contracts in progress176 | - | - | €6,050 | - | - | - |
| Amounts payable within one year42/48 | €1.3m | €1.9m | €3.0m | €2.0m | €1.1m | ▼ 43.4% |
| Trade debts44 | €361,285 | €606,665 | €542,340 | €1.0m | €152,778 | ▼ 85.4% |
| Suppliers440/4 | €361,285 | €606,665 | €542,340 | €1.0m | €152,778 | ▼ 85.4% |
| Taxes, remuneration and social security45 | €930,615 | €1.3m | €599,895 | €920,857 | €960,526 | ▲ 4.3% |
| Taxes450/3 | €383,798 | €752,570 | €188,131 | €208,082 | €502,562 | ▲ 142% |
| Remuneration and social security454/9 | €546,817 | €513,770 | €411,764 | €712,775 | €457,964 | ▼ 35.7% |
| Other amounts payable47/48 | - | - | €1.9m | - | - | - |
| Accrued charges and deferred income492/3 | €247,583 | €525,393 | €1.4m | €1.3m | €796,538 | ▼ 38.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €735,341 | €1.3m | €726,227 | €929,448 | €923,089 | ▼ 0.7% |
| + Depreciation and write-downs630 | €2,966 | €5,931 | €6,597 | €8,695 | €13,984 | ▲ 60.8% |
| Operating cash flow (approximation) | €738,308 | €1.3m | €732,824 | €938,143 | €937,073 | ▼ 0.1% |
| Investment in fixed assets (approximation) | - | -€9,899 | -€198 | -€73,824 | -€350 | ▲ 99.5% |
| Change in cash | - | -€1.1m | €409,427 | -€480,097 | €581,096 | ▲ 221% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-07
State Gazette act
Reappointment: Deloitte Bedrijfsrevisoren BV (statutory auditor)2 facts ▸
State Gazette act
Reappointment: Deloitte Bedrijfsrevisoren BV (statutory auditor)
2 facts ▸
- General meeting, 04-06-2026
- Auditor reappointment, Deloitte Bedrijfsrevisoren BV (statutory auditor)
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
12-06
State Gazette act
Resignation: Jenna Michelle Myszak (director)Appointment: Emmy Maria Sjogren (director) · Director discharge · Power of attorney6 facts ▸
State Gazette act
Resignation: Jenna Michelle Myszak (director)
Appointment: Emmy Maria Sjogren (director) · Director discharge · Power of attorney6 facts ▸
- Director resignation, Jenna Michelle Myszak (director)
- Director appointment, Emmy Maria Sjogren (director)
- Director discharge, Jenna Michelle Myszak (director)
- Power of attorney, Vistra Corporate Services (Belgium) NV
- Power of attorney, Didier Westen
- Power of attorney, Pravienkoemar Mahabier
2025
31-12
Financial
Equity above €2mEq €2.1m ▲77.3%
8 profitable years in a row build equity to €2.1m.
10-09
State Gazette act
Appointment: David Vogl (managing director)2 facts ▸
State Gazette act
Appointment: David Vogl (managing director)
2 facts ▸
- Board meeting, 17-06-2025
- Director appointment, David Vogl (managing director)
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €1mEq €1.2m ▲351%
7 profitable years in a row build equity to €1.2m.
17-12
State Gazette act
Resignations: Nicole Jung (director) and Manish Patel (director)Appointments: Steven Hamelin (director) and David Vogl (director) · Mandate compensation7 facts ▸
State Gazette act
Resignations: Nicole Jung (director) and Manish Patel (director)
Appointments: Steven Hamelin (director) and David Vogl (director) · Mandate compensation7 facts ▸
- General meeting, 19-11-2024
- Director resignation, Nicole Jung (director)
- Director resignation, Manish Patel (director)
- Director appointment, Steven Hamelin (director)
- Director appointment, David Vogl (director)
- Mandate compensation, Steven Hamelin
- Mandate compensation, David Vogl
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
22-11
State Gazette act
Resignation: William K. Grogan (director)Appointment: Nicole Jung (director) · Mandate compensation4 facts ▸
State Gazette act
Resignation: William K. Grogan (director)
Appointment: Nicole Jung (director) · Mandate compensation4 facts ▸
- General meeting, 11-10-2023
- Director resignation, William K. Grogan (director)
- Director appointment, Nicole Jung (director)
- Mandate compensation, Nicole Jung
18-10
State Gazette act
Resignations & appointmentsPower of attorney2 facts ▸
State Gazette act
Resignations & appointments
Power of attorney2 facts ▸
- Board meeting, 18-08-2023
- Power of attorney, Yemile Longoria
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
Show earlier events
2022
31-12
Financial
Highest result since 2018net €1.3m ▲73.2%
Operating result €1.5m, net result €1.3m, both a record.
23-08
State Gazette act
Reappointment: Deloitte Bedrijfsrevisoren BV (statutory auditor)2 facts ▸
State Gazette act
Reappointment: Deloitte Bedrijfsrevisoren BV (statutory auditor)
2 facts ▸
- General meeting, 30-06-2022
- Auditor reappointment, Deloitte Bedrijfsrevisoren BV
11-07
State Gazette act
Resignations: Matthew Eisert, Bobby Pickett and 2 othersAppointments: Manish B Patel, William Kevin Grogan and Jenna Michelle Myszak · Mandate compensation11 facts ▸
State Gazette act
Resignations: Matthew Eisert, Bobby Pickett and 2 others
Appointments: Manish B Patel, William Kevin Grogan and Jenna Michelle Myszak · Mandate compensation11 facts ▸
- General meeting, 17-05-2022
- Director resignation, Matthew Eisert (director)
- Director resignation, Bobby Pickett (director)
- Director resignation, Bret Prybylski (director)
- Director resignation, Brian Truesdale (director)
- Director appointment, Manish B Patel (director)
- Director appointment, William Kevin Grogan (director)
- Director appointment, Jenna Michelle Myszak (director)
- Mandate compensation, Manish B Patel
- Mandate compensation, William Kevin Grogan
- Mandate compensation, Jenna Michelle Myszak
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
15-06
State Gazette act
Permanent representative: Franky Wevers2 facts ▸
State Gazette act
Permanent representative: Franky Wevers
2 facts ▸
- General meeting, 06-12-2021
- Permanent representative, Franky Wevers (permanent representative)
2021
31-12
Financial
Liquidity doublescurrent ratio 6.07
Current ratio from 3.02 to 6.07; short-term debt falls from €2.7m to €1.3m.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
12-01
State Gazette act
Reappointment: DELOITTE Bedrijfsrevisoren (statutory auditor)2 facts ▸
State Gazette act
Reappointment: DELOITTE Bedrijfsrevisoren (statutory auditor)
2 facts ▸
- General meeting, 28-06-2019
- Auditor reappointment, DELOITTE Bedrijfsrevisoren (statutory auditor)
2020
31-12
Financial
Weakest financial yearnet €386,111 ▼34.4%
Net result drops to €386,111, the lowest in the series; recovery starts the following year.
17-09
State Gazette act
Appointments: Bret Alan Prybylski, Eisert Matthew and 2 othersStatutes amendment · Capital7 facts ▸
State Gazette act
Appointments: Bret Alan Prybylski, Eisert Matthew and 2 others
Statutes amendment · Capital7 facts ▸
- General meeting, 11-09-2020
- Statutes amendment
- Capital, €148.736,11
- Director appointment, Bret Alan Prybylski (non-statutory director)
- Director appointment, Eisert Matthew (non-statutory director)
- Director appointment, Brian Truesdale (non-statutory director)
- Director appointment, Bobby Pickett (non-statutory director)
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
28-02
State Gazette act
Resignation: Arthur Laszlo (director)Appointments: Brian Truesdale (director) and Matthew Eisert (director) · Mandate compensation6 facts ▸
State Gazette act
Resignation: Arthur Laszlo (director)
Appointments: Brian Truesdale (director) and Matthew Eisert (director) · Mandate compensation6 facts ▸
- General meeting, 09-01-2020
- Director resignation, Arthur Laszlo (director)
- Director appointment, Brian Truesdale (director)
- Mandate compensation, Brian Truesdale
- Director appointment, Matthew Eisert (director)
- Mandate compensation, Matthew Eisert
22-01
State Gazette act
Resignation: Eric Gasvoda (director)Appointment: Bobby Pickett (director) · Mandate compensation4 facts ▸
State Gazette act
Resignation: Eric Gasvoda (director)
Appointment: Bobby Pickett (director) · Mandate compensation4 facts ▸
- General meeting, 30-09-2019
- Director resignation, Eric Gasvoda (director)
- Director appointment, Bobby Pickett (director)
- Mandate compensation, Bobby Pickett
2019
31-12
Financial
Equity above €5mEq €5.2m ▲12.7%
2 profitable years in a row build equity to €5.2m.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
18-06
State Gazette act
Appointment: Arthur Laszlo (director)Mandate compensation3 facts ▸
State Gazette act
Appointment: Arthur Laszlo (director)
Mandate compensation3 facts ▸
- General meeting, 23-05-2019
- Director appointment, Arthur Laszlo (director)
- Mandate compensation, Arthur Laszlo
18-06
State Gazette act
Resignation: Kimberly Ann Fields (director)2 facts ▸
State Gazette act
Resignation: Kimberly Ann Fields (director)
2 facts ▸
- General meeting, 02-04-2019
- Director resignation, Kimberly Ann Fields (director)
18-06
State Gazette act
Resignations: Neil David Brinker (director) and Steven Leonard Hamelin (director)Appointments: Kimberly Ann Fields (director) and Bret Alan Prybylski (director) · Mandate compensation7 facts ▸
State Gazette act
Resignations: Neil David Brinker (director) and Steven Leonard Hamelin (director)
Appointments: Kimberly Ann Fields (director) and Bret Alan Prybylski (director) · Mandate compensation7 facts ▸
- General meeting, 19-02-2019
- Director resignation, Neil David Brinker (director)
- Director resignation, Steven Leonard Hamelin (director)
- Director appointment, Kimberly Ann Fields (director)
- Mandate compensation, Kimberly Ann Fields
- Director appointment, Bret Alan Prybylski (director)
- Mandate compensation, Bret Alan Prybylski
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-08
State Gazette act
Resignation: Matthew Stillings (director)Appointment: Neil David Brinker (director) · Mandate compensation4 facts ▸
State Gazette act
Resignation: Matthew Stillings (director)
Appointment: Neil David Brinker (director) · Mandate compensation4 facts ▸
- General meeting, 23-06-2017
- Director resignation, Matthew Stillings (director)
- Director appointment, Neil David Brinker (director)
- Mandate compensation, Neil David Brinker
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
06-12
State Gazette act
Resignation: Brad Williams (director)Appointment: Eric Gasvoda (director) · Mandate compensation · Power of attorney7 facts ▸
State Gazette act
Resignation: Brad Williams (director)
Appointment: Eric Gasvoda (director) · Mandate compensation · Power of attorney7 facts ▸
- General meeting, 03-08-2016
- Director resignation, Brad Williams (director)
- Director appointment, Eric Gasvoda (director)
- Mandate compensation, Eric Gasvoda
- Board meeting, 03-08-2016
- Power of attorney, Brad Williams
- Power of attorney, Eric Gasvoda
2013
28-06
State Gazette act
Resignation: Daniel Henk (director)Appointment: Steven Leonard Hamelin (director)3 facts ▸
State Gazette act
Resignation: Daniel Henk (director)
Appointment: Steven Leonard Hamelin (director)3 facts ▸
- General meeting, 04-06-2013
- Director resignation, Daniel Henk (director)
- Director appointment, Steven Leonard Hamelin (director)
13-06
State Gazette act
Resignation: Terrance Collins (director)Appointment: Brad Williams (director)3 facts ▸
State Gazette act
Resignation: Terrance Collins (director)
Appointment: Brad Williams (director)3 facts ▸
- General meeting, 23-04-2013
- Director resignation, Terrance Collins (director)
- Director appointment, Brad Williams (director)
2012
02-05
State Gazette act
Resignations: Kenneth Hessevick (director) and Kevin Hostetler (director)Appointments: Matthew Stillings (director) and Daniel Henk (director) · Mandate compensation · Power of attorney12 facts ▸
State Gazette act
Resignations: Kenneth Hessevick (director) and Kevin Hostetler (director)
Appointments: Matthew Stillings (director) and Daniel Henk (director) · Mandate compensation · Power of attorney12 facts ▸
- General meeting, 12-03-2012
- Director resignation, Kenneth Hessevick (director)
- Director resignation, Kevin Hostetler (director)
- Director appointment, Matthew Stillings (director)
- Director appointment, Daniel Henk (director)
- Mandate compensation, Matthew Stillings
- Mandate compensation, Daniel Henk
- Power of attorney, Raoul Cootjans
- Board meeting, 12-03-2012
- Power of attorney, Raoul Cootjans
- Power of attorney, Raoul Cootjans
- Power of attorney, Brad Williams
2011
03-08
State Gazette act
Resignation: Gregg Williams (director)Appointment: Kenneth J. Hessevick (director) · Mandate compensation7 facts ▸
State Gazette act
Resignation: Gregg Williams (director)
Appointment: Kenneth J. Hessevick (director) · Mandate compensation7 facts ▸
- General meeting, 11-05-2011
- Director resignation, Gregg Williams (director)
- Director appointment, Kenneth J. Hessevick (director)
- Mandate compensation, Kenneth J. Hessevick
- Board meeting, 11-05-2011
- Director appointment, Kenneth J. Hessevick (managing director)
- Mandate compensation, Kenneth J. Hessevick
2010
08-11
State Gazette act
Appointment: Deloitte Bedrijfsrevisoren BV (statutory auditor)2 facts ▸
State Gazette act
Appointment: Deloitte Bedrijfsrevisoren BV (statutory auditor)
2 facts ▸
- General meeting, 07-05-2010
- Auditor appointment, Deloitte Bedrijfsrevisoren BV (statutory auditor)
07-10
State Gazette act
Purpose · Statutes amendmentPurpose change · Name change · Capital5 facts ▸
State Gazette act
Purpose · Statutes amendment
Purpose change · Name change · Capital5 facts ▸
- General meeting, 23-09-2010
- Purpose change, De vennootschap heeft tot doel, zowel in België als in het buitenland, voor eigen rekening, voor rekening van derden of in deelneming met derden, alle verrichti…
- Name change, TOPTECH SYSTEMS
- Statutes amendment
- Capital, €148.736,11
2009
18-08
State Gazette act
Resignation: Michael Sherman (director)Appointments: Terrance Collins (director) and Gregg Williams (director) · Mandate compensation6 facts ▸
State Gazette act
Resignation: Michael Sherman (director)
Appointments: Terrance Collins (director) and Gregg Williams (director) · Mandate compensation6 facts ▸
- General meeting, 24-06-2009
- Director resignation, Michael Sherman (director)
- Director appointment, Terrance Collins (director)
- Director appointment, Gregg Williams (director)
- Mandate compensation, Terrance Collins
- Mandate compensation, Gregg Williams
2003
18-06
State Gazette act
Appointment: Douglas Dunlap (managing director)Registered-office move3 facts ▸
State Gazette act
Appointment: Douglas Dunlap (managing director)
Registered-office move3 facts ▸
- Board meeting, 12-05-2003
- Registered-office move, Nieuwe Weg 1, 2070 Zwijndrecht
- Director appointment, Douglas Dunlap (managing director)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
26 of 26 acts read
Directors · office · real estate
Directors
5 directors, 1 in day-to-day management, no change since 2025
Board 5
Manish B Patel
CurrentDirector · since 12-05-2022
William Kevin Grogan
CurrentDirector · since 12-05-2022
David Vogl
CurrentDirector · since 19-11-2024
Steven Hamelin
CurrentDirector · since 19-11-2024
Emmy Maria Sjogren
CurrentDirector · since 12-12-2025
2 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Kenneth J. Hessevick
Not recently confirmedDirector · since 11-05-2011
Bret Alan Prybylski
Not recently confirmedNon-statutory director · since 01-03-2019
Day-to-day management 1
David Vogl
CurrentManaging director · since 17-06-2025
2 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Douglas Dunlap
Not recently confirmedManaging director · since 01-06-2003
Kenneth J. Hessevick
Not recently confirmedManaging director · since 11-05-2011
Statutory auditor 1
DELOITTE Bedrijfsrevisoren BV
CurrentStatutory auditor · since 01-01-2010 · perm. rep.: Franky Wevers
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2002
Ground area
7.7 ha
Building footprint
1,032 m²
Volume, LiDAR
9,205 m³
Parcel 11056H0505/00F000, Flanders · tallest building 14.9 m, ±3 floors. Linked by address, not a title deed.
23
companies at this address
See who is registered here
1 establishment unit
TOPTECH SYSTEMS
since 20022.072.727.870
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11056H0505/00F000 | Flanders | 7.7 ha | 1 · 1,032 m² | 14.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
30 people since 2003, 9 in office
- Board
- Day-to-day management
- Statutory auditor
- not recently confirmed
- began earlier
| Name | Functions and periods |
|---|---|
| Manish B Patel |
|
| William Kevin Grogan |
|
| David Vogl |
|
| Steven Hamelin |
|
| Emmy Maria Sjogren |
|
| DELOITTE Bedrijfsrevisoren BV |
|
| Kenneth J. Hessevick |
|
| Bret Alan Prybylski |
|
| Douglas Dunlap |
|
| Jenna Michelle Myszak |
|
| Manish Patel |
|
| Nicole Jung |
|
| William K. Grogan |
|
| Bobby Pickett |
|
| Bret Prybylski |
|
| Brian Truesdale |
|
| Matthew Eisert |
|
| Arthur Laszlo |
|
| Eric Gasvoda |
|
| Kimberly Ann Fields |
|
| Steven Leonard Hamelin |
|
| Neil David Brinker |
|
| Matthew Stillings |
|
| Brad Williams |
|
| Daniel Henk |
|
| Terrance Collins |
|
| Kevin Hostetler |
|
| Kenneth Hessevick |
|
| Gregg Williams |
|
| Michael Sherman |
|
Articles of association
Purpose
Alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op: het vermarkten, leasen, verkopen, toepassen, implementeren, installeren, ondersteunen, beheren…
Full purpose
Alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op: het vermarkten, leasen, verkopen, toepassen, implementeren, installeren, ondersteunen, beheren, configureren, onderhouden en alle gerelateerde activiteiten met betrekking tot hardware en software systemen... [volledig voorwerp zoals opgenomen in de statuten]
Structure & network
Owners and holdings
2 ownersOwners 2
- Idex Europe GMBHDEparentSourceown accounts 202599%
- Fluid Management Operations IncUSSourceown accounts 20251%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of TOPTECH SYSTEMS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
5 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Capital and shareholders
Capital over the years
- 17-09-2020 Capital stated in 2 acts · 148,736.11 EUR · 6,000 shares
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Company details
Identification
Legal formPublic limited company
Founded21-06-1995
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
70200Business and other management consultancy
52100Warehousing and storage
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
77330Rental and leasing activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0455520908
Registered
06-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.